Pertento Partners LLP Has $35.74 Million Position in NB Bancorp, Inc. (NASDAQ:NBBK)

Pertento Partners LLP lessened its holdings in NB Bancorp, Inc. (NASDAQ:NBBK) by 16.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,978,903 shares of the company’s stock after selling 376,840 shares during the period. NB Bancorp makes up 3.0% of Pertento Partners LLP’s portfolio, making the stock its 16th biggest position. Pertento Partners LLP’s holdings in NB Bancorp were worth $35,739,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Resources Management Corp CT ADV acquired a new position in shares of NB Bancorp in the 3rd quarter worth approximately $28,000. Quarry LP bought a new position in shares of NB Bancorp during the third quarter valued at $33,000. Quantbot Technologies LP boosted its stake in shares of NB Bancorp by 375.5% in the 4th quarter. Quantbot Technologies LP now owns 6,191 shares of the company’s stock valued at $112,000 after purchasing an additional 4,889 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of NB Bancorp in the 4th quarter worth about $128,000. Finally, Centiva Capital LP acquired a new stake in shares of NB Bancorp during the 3rd quarter worth about $213,000.

NB Bancorp Price Performance

NASDAQ:NBBK opened at $18.79 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.16. The firm has a market cap of $786.23 million, a PE ratio of 17.56 and a beta of 0.16. NB Bancorp, Inc. has a 12 month low of $13.26 and a 12 month high of $21.05. The company’s 50-day moving average price is $18.84 and its two-hundred day moving average price is $18.83.

NB Bancorp (NASDAQ:NBBK) last announced its earnings results on Wednesday, January 22nd. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.32 by $0.02. NB Bancorp had a return on equity of 6.04% and a net margin of 13.86%. On average, equities analysts anticipate that NB Bancorp, Inc. will post 1.39 EPS for the current fiscal year.

Insider Transactions at NB Bancorp

In other news, CEO Joseph P. Campanelli bought 2,000 shares of the stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $17.75 per share, with a total value of $35,500.00. Following the purchase, the chief executive officer now owns 55,000 shares of the company’s stock, valued at approximately $976,250. This represents a 3.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Hope Pascucci purchased 40,000 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were purchased at an average cost of $18.53 per share, for a total transaction of $741,200.00. Following the purchase, the director now directly owns 40,075 shares of the company’s stock, valued at $742,589.75. This trade represents a 53,333.33 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 43,400 shares of company stock worth $803,035. Insiders own 1.90% of the company’s stock.

About NB Bancorp

NB Bancorp, Inc focuses on operating as a bank holding company for Needham Bank that provides various banking products and services in Greater Boston metropolitan area and surrounding communities in Massachusetts, eastern Connecticut, southern New Hampshire, and Rhode Island. The company offers various deposits, including certificate of deposit, individual retirement, money market, savings, NOW, demand deposit, and interest-bearing and noninterest-bearing checking accounts; and commercial real estate and multifamily, one- to four-family residential real estate, construction and land development, commercial and industrial, and consumer loans, as well as home equity loans and lines of credit.